Exam (elaborations)
WRA Chapter 7 Questions with verified solutions | Already Passed
- Course
- Institution
WRA Chapter 7 Questions with verified solutions | Already Passed
[Show more]
Content preview
WRA Chapter 7 Questions with verifiedsolutions | Already Passed
Both the property owner and the tenant are required to make certain improvements during the term of
all leases. ✔✔False
Explanation:
Neither the property owner nor the tenant is required to make any improvements to the
property unless specifically stated in the terms of the lease.
Co-owners who hold title to a property as tenants in common receive title without probate if a co-owner
dies. ✔✔False
Explanation:
Under a joint tenancy, there is a right of survivorship. This means that the surviving owners
automatically get the deceased owner's interest.
Co-owners who hold title to a property as tenants in common can have unequal interest in title.
✔✔True
Explanation:
Tenants in common may own fractional interests in the property.
Co-owners who hold title to a property as tenants in common do not automatically receive title
upon the death of another owner. ✔✔True
,Explanation:
Property of a co-owner who holds title as a tenant in common will pass to that owner's designated
heirs upon death.
A leasehold estate is a personal property interest. ✔✔True
Explanation:
When a property owner and tenant enter into a lease, the rights of exclusion, possession, quiet
enjoyment, and control pass to the tenant while the property owner retains a reversionary interest.
A married couple in Wisconsin is selling their primary residence. Only one spouse needs to sign the
offer. ✔✔False
Explanation:
Wisconsin's homestead law requires the signatures of both spouses in order to transfer title.
Under Wisconsin's homestead law, both spouses must sign a deed before title to a homestead can
be transferred. ✔✔True
Explanation:
This law protects a spouse from the mortgage, sale, and transfer of title of the homestead
property without by the other spouse without the spouse's knowledge.
A property is held in joint tenancy unless a deed states otherwise. ✔✔False
Explanation:
A joint tenancy can only be created by will or deed. If nothing is mentioned in the deed as to how the
owners are taking title, the law will assume the owners will be tenants in common.
, A married couple in Wisconsin owned property prior to 1/1/86. They are now getting a divorce. The
property owned prior to 1/1/86 will be treated differently in the divorce than the property obtained
after 1/1/86. ✔✔False
Explanation:
Property owned by a married couple prior to 1/1/86 will be treated as marital property in the event of
divorce.
A tenant signs a lease agreeing to clean the carpets at the end of the lease term. Upon surrender of
the premises, the tenant does not clean the carpets. The property owner may withhold money from
the tenant's security deposit to pay for carpet cleaning. ✔✔False
Explanation:
Wisconsin law does not authorize a property owner to withhold a security deposit for normal wear
and tear, or for other damages or losses for which the tenant cannot reasonably be held responsible
under applicable law.
The condominium unit is intended for individual use and the owner is entitled to exclusive
ownership and possession of the unit. ✔✔True
Explanation:
The unit owner can use the unit as defined by the condominium declaration and plat.
Co-owners who hold title to a property as tenants in common hold their individual interests in severalty.
✔✔True
Explanation:
Each tenant in common owner has the ability to control his/ her ownership interest.
A co-owner who holds title to a property as a tenant in common must receive consent from the
other owners prior to selling their ownership interest in a property. ✔✔False
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Examsplug. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.24. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
81989 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now
